Exam Code: 1Z0-1057-21
Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Project Financials Management Cloud
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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Resource Management- Resource Structures
  • 1. Resource Calendars
  • 2. Project Staffing
  • 3. Resource Requests
Topic 2: Project Foundation Setup- Project Units
  • 1. Reference Data Sets
  • 2. Implementation Options
  • 3. Business Units
Topic 3: Project Financial Management Setup- Project Types and Templates
  • 1. Project Classes
  • 2. Project Statuses
  • 3. Project Roles
- Financial Structures
  • 1. Expenditure Categories
  • 2. Expenditure Types
  • 3. Transaction Sources
Topic 4: Project Cost Management- Cost Collection and Processing
  • 1. Cost Transactions
  • 2. Supplier Cost Processing
  • 3. Expense Management Integration
- Cross-Charge Processing
  • 1. Borrowed and Lent Transactions
  • 2. Transfer Pricing
Topic 5: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Invoice Generation
  • 2. Revenue Recognition
  • 3. Billing Events
Topic 6: Project Execution Management- Project Control
  • 1. Performance Reporting
  • 2. Budgets
  • 3. Forecasts
- Project Planning
  • 1. Work Plans
  • 2. Resource Assignments
  • 3. Task Management
Topic 7: Security and Implementation Tools- Security Configuration
  • 1. Project Roles
  • 2. Data Access Security
- Implementation Utilities
  • 1. Rapid Implementation Spreadsheets
  • 2. Functional Setup Manager
  • 3. Setup Data Migration

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?

  • A. Departments
  • B. Expenditure Types
  • C. Project Templates
  • D. Project Types
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

Your customer has the following setups onthe project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, youperform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would thecorrect behavior of the application be after these actions? (Choose the best answer.)

  • A. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
  • B. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
  • C. After the creation andsaving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
  • D. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost andActual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

  • A. Cost
  • B. Manual Entry
  • C. Remaining Plan
  • D. Effort
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

  • A. Fixed Asset
  • B. Payables
  • C. Purchasing
  • D. Receipt Accounting
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

Whichthreeare true of what you can do in the Project Requirements work area?

  • A. Manage your list ofbacklogitems.
  • B. Organizebacklogitems by requirements.
  • C. Create project tasks forbacklogitems.
  • D. Create an implementation project.
  • E. Create an execution project.
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

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